(Applies to: STPX)
First Atlanta Securities, LLC Announces Investment Opinion on StupidPC
ATLANTA, Oct 13, 1999 (BUSINESS WIRE) -- First Atlanta Securities, LLC
announced that it has initiated coverage of StupidPC, Inc. (NASDAQ OTC
BB: STPX).
STPX, headquartered in Atlanta, sells Personal Computers, Notebooks and
related equipment under the name sTupidPC. Prices of STPX's computers
range from $600 for the base model up to $4,000 for its top of the line
notebook.
Highlights from the report:
First Atlanta Securities believes that STPX has a put together a
strong business plan that will enable it to successfully move forward.
Based on the Company's strategic alliances with large technology
companies, as well as a new e-commerce site for sales of its computers,
First Atlanta Securities believes that STPX is set to turn into a
profitable Company by Fiscal Year End 2000. In addition, First Atlanta
Securities feels that the Company would be fairly valued trading at 3
times FYE 2000 estimated revenues of $12.8 million, giving it a target
price of $5.50 to $6.00 over the next 6 months, and a 12-month price
target of $9.00 to $11.00.
THIS RELEASE HAS BEEN ISSUED BY FIRST ATLANTA SECURITIES, LLC, A
REGISTERED BROKER-DEALER AND MEMBER OF NASD AND SIPC.
Copyright (C) 1999 Business Wire. All rights reserved.
Distributed via COMTEX.
-0-
CONTACT: First Atlanta Securities, LLC
Nils Thompson, 770/951-9700
nrt@firstatlanta.com
or
Piedmont Consulting
Keith Fetter, 770/233-6999
piedmont-consulting@msn.com
WEB PAGE: businesswire.com
GEOGRAPHY: GEORGIA
INDUSTRY CODE: INVESTMENT
OPINION
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